
9 Elm Top Beverly — Photo 1 of 40
$3,100,000
Investment Analysis — 9 Elm Top
Beverly, MA 01915 — Beverly Cove
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01915 carries an estimated $3,550/mo in gross rent — about a 0.44% cap rate and $13,722/yr in estimated NOI at the $3,100,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
2,974
Style
Single Family
Built
1970
Tucked privately away in one of Beverly Cove’s most desirable settings, this custom-built 1970 contemporary offers exceptional privacy, architectural character and approximately 140 feet of direct ocean frontage. Designed to embrace its remarkable waterfront setting, the home offers water views from virtually every window, direct water access and its own tidal beach. A reverse-living floor plan places the main living spaces on the upper level, where expansive windows, dramatic rooflines and lofted ceilings take full advantage of the surrounding landscape and coastline. The warm, inviting kitchen features rich wood cabinetry, exposed beams and a center island, while the adjoining living and dining areas provide wonderful spaces for gathering and entertaining. One of the home’s most memorable features is the spectacular screened porch projecting from the waterside of the house. Surrounded by mature trees with the water just beyond, it feels almost like being suspended in a tree house — a truly special place for outdoor dining, relaxing and enjoying the changing tides and coastal breezes. The 3–4 bedrooms are thoughtfully positioned on the lower level, creating separation between living and sleeping areas while maintaining beautiful views and a connection to the natural setting. Generous windows throughout fill the home with light and frame the water, trees and shoreline from room to room. Outdoor spaces extend naturally toward the waterfront, with mature plantings providing seclusion and multiple places to enjoy the setting. Distinctive, comfortable and wonderfully private, this is a rare Beverly Cove property with tremendous potential and an extraordinary connection to the water.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,974 sq ft principal dwelling). Lot size: 27,739 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Oven • Dishwasher • Microwave • Range • Freezer • Washer • Dryer • Washer/Dryer
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Laundromat • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Second14.166666666 x 26.916666666
Beamed Ceilings, Flooring - Wall to Wall Carpet, Window(s) - Picture, Open Floorplan, Lighting - Overhead
Dining Room
Lvl Second13.75 x 19.333333333
Skylight, Vaulted Ceiling(s), Flooring - Stone/Ceramic Tile, Deck - Exterior, Exterior Access, Open Floorplan
Kitchen
Lvl Second16.583333333 x 19.583333333
Cathedral Ceiling(s), Beamed Ceilings, Closet/Cabinets - Custom Built, Flooring - Hardwood, Kitchen Island, Deck - Exterior, Exterior Access, Open Floorplan
Family Room
Lvl Second16.25 x 9.666666666
Beamed Ceilings, Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Window(s) - Picture, Cable Hookup, Open Floorplan
Primary Bedroom
Lvl First14.166666666 x 14.416666666
Bathroom - Full, Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Window(s) - Picture, Cable Hookup, Dressing Room
Bedroom 2
Lvl First12.916666666 x 1211
Bedroom 3
Lvl First9.5 x 9.75
Flooring - Wall to Wall Carpet, Window(s) - Picture, Recessed Lighting
Bedroom 4
Lvl First16.5 x 27.583333333
Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Window(s) - Picture
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Listing Agent: Fabyan And Filias Team
Listing Office: J. Barrett & Company
MLS® Number: 73576794